The new world would give credit to someone who achieved a feat all at once than one who does similar feat by conquering it in bits over time. As such there is greater satisfaction in the forex making $1,000 in one trade than making the same amount of money cumulatively over a number of trades. Aiming for low profits is getting out of fashion in the forex, everyone wants that super hit profit-possibly a four figure profit at once. Very few would want a gather that four figure over a series of a $100 profit trades. Getting small profits is not bad, it doesn?t suggest that you are improving at a slow pace. You must not hit $3,000 in one trade before you recognize that you are improving
Small but consistent profits can be identified as significant improvement in your invested portfolio, normally smart stock traders also look for those stocks which yield regular dividends.
Read on some blogs 10pips per dya with consistency can be the turning point, meaning being consistent with profits being it small or big is the key
Yes i agree even earning small profit in forex matters a lot. Traders should not run behind making quick profit.This may leads them to earn negative returns for themselves.
Agreed to you and that's why every trader should try to seek consistent profits in order to get good ROI on their invested capital.